SECURITIES AND EXCHANGE COMMISSION

                     Washington, D.C. 20549


                           FORM 10-KSB


    [x] Annual Report Pursuant to Section 13 or 15(d) of the
                 Securities Exchange Act of 1934

           For the fiscal year ended December 31, 2000


  [ ] Transition Report Pursuant to Section 13 or 15(d) of the
                 Securities Exchange Act of 1934

     For the transition period from __________ to __________


                Commission File Number: 000-11225


                    Global Online India, Inc.
       (Exact name of Registrant as specified in charter)

                            Delaware
 (State or other jurisdiction of incorporation or organization)

                           84-0899587
              (IRS Employer Identification Number)

           50 North Third Street, Fairfield, IA 52556
                 (Business address and zip code)

                         (641) 472-1550
      (Registrant's telephone number, including area code)

   Securities registered pursuant to section 12(b) of the Act

                              None

Securities to be registered pursuant to section 12(g) of the Act

                  Common Stock, $0.01 par value
                        (Title of Class)

Indicate  by check mark whether the Registrant (1) has filed  all
reports  required  to be filed by Section  13  or  15(d)  of  the
Securities  Exchange Act of 1934 during the preceding  12  months
(or

<PAGE>

for  such shorter period that the Registrant was required to file
such  reports), Yes [X] No [ ] and (2) has been subject  to  such
filing requirements for the past 90 days, Yes [X] No [ ].

Indicate  by  check  mark  if  disclosure  of  delinquent  filers
pursuant  to Item 405 of Regulation S-B is not contained  herein,
and  will  not  be  contained to the  best  of  the  Registrant's
knowledge,   in   definitive  proxy  or  information   statements
incorporated by reference in Part III of this Form 10-KSB or  any
amendment to this Form 10-KSB. [ ]

As  of  March  6,  2001, 50,005,655 shares  of  Common  Stock  of
Registrant  were  issued and outstanding.  The  aggregate  market
value  of the shares held by non-affiliates of Registrant  (based
upon  the closing price of the Registrant's Common Stock on March
6, 2001 of $5.87 per share) was approximately $16.36 million.

               DOCUMENTS INCORPORATED BY REFERENCE

List  hereunder  the  following  documents  if  incorporated   by
reference and the part of the Form 10-KSB (e.g., Part I, Part II,
etc.)  into  which the document is incorporated: (1)  Any  annual
report  to  security holders; (2) Any proxy or other  information
statement;  and (3) Any prospectus filed pursuant to rule  424(b)
or (c) under the Securities Act of 1933:

SC  14F-1 Information Statement filed on June 26, 2000, notice to
shareholders of change in majority of directors, Part IV, Item 1.

SC  14F-1/A Information Statement filed on June 26, 2000,  notice
to shareholders of change in majority of directors, Part IV, Item
2.

Form  8-K filed on July 17, 2000, a notice of the acquisition  of
GOL India.com, Inc., Part IV, Item 3.

Definitive  14(c) Information Statement filed on July  28,  2000,
notifying shareholders of proposed name change, Part IV, Item 4.

Form  8-K/A  filed  on  August 10, 2000  with  a  change  in  the
Company's certifying accountants, financial statements, pro forma
financial information and exhibits, Part IV, Item 5.

Form  8-K  filed on August 24, 2000 notification of name  change,
CUSIP number and stock ticker symbol, Part IV, Item 6.

                                2
<PAGE>
                        Table of Contents


Part I                                                                    Page

Item 1.  Description of Business....................................       4

Item 2.  Description of Property....................................       8

Item 3.  Legal Proceedings..........................................       8

Item 4.  Submission of Matters to a Vote of Security Holders........       8


Part II

Item 5.  Market for Common Equity and Related Stockholder Matters...       9

Item 6:  Management's Discussion and Analysis or Plan of Operation..      10

Item 7.  Financial Statements.......................................      12

Item 8. Changes in and Disagreements with Accountants on
        Accounting and Financial Disclosure............................   12


Part III

Item 9.  Directors, Executive Officers, Promoters and Control Persons;
         Compliance With Section 16(a) of the Exchange Act...........     13

Item 10.  Executive Compensation.....................................     16

Item 11.  Security Ownership of Certain Beneficial Owners and Management. 16

Item 12.  Certain Relationships and Related Transactions................. 17


Part IV

Item 13.  Exhibits, Financial Statement Schedules and Reports on Form 8-K 19

                                3
<PAGE>

Part I

Item 1.  Description of Business

(a)   Business Development

Global  Online India (the "Company" or "Registrant"), founded  as
Energetics,  Inc., was incorporated in the state of  Delaware  on
August  2, 1982.  From inception to January 1, 1995, the  Company
was  engaged  in  the  business of exploration,  development  and
production  of  oil  and natural gas.  The  Company  discontinued
operations  on January 1, 1995 and remained in development  stage
until July 1999.

In  July 1999, Jordan Smith, the sole remaining director  of  the
Company,  appointed  John  Chymboryk to  serve  as  director  and
President  of  the Company; Mr. Smith subsequently resigned.   In
connection  with  his  activities,  Mr.  Chymboryk  reviewed  the
historical  documents of the Company and determined that  certain
actions  were  necessary  to position the  Company  to  seek  out
business opportunities.

In  September  1999, the Company entered into an  agreement  with
Milagro  Holdings, Inc., a Delaware corporation, in which Milagro
agreed  to  advance funds to the Company in exchange  for  equity
securities (details of this agreement are provided in  Part  III,
Item  12.  Certain Relationships and Related Transactions).   Mr.
Chymboryk   determined  that  the  Company's  Delaware  corporate
charter  had been revoked, and was able to reinstate the  Company
in  early  November  1999.   However,  in  the  interim,  another
Delaware corporation had taken the name Energetics, Inc., so  Mr.
Chymboryk procured reinstatement under the name, ENG Enterprises,
Inc.

In   addition,  the  Company's  CUSIP  number  was  changed  from
292929106 to 268741105, its symbol on the NASD OTCBB was  changed
from   "EJTX"   to  "ENEI",  it  was  assigned  a  new   Employer
Identification  Number by the IRS, and it changed stock  transfer
agent from AST in Colorado to Interwest Transfer Company in  Salt
Lake  City,  Utah.  Concurrent with these changes, Mr.  Chymboryk
caused  the  financial information of the Company to  be  brought
current,  and  engaged  counsel to file  the  Company's  periodic
reports  with the Securities and Exchange Commission  ("SEC")  so
that  the Company was current in its filings.  Mr. Chymboryk also
negotiated   settlements  for  approximately  $2.3   million   in
outstanding notes and debt obligations of the Company with former
directors  and  officers, and obtained conversion agreements  for
the  Company's outstanding Preferred Stock.  From 1999  to  June,
2000, the Company was considered a "shell" company, and its  only
business  purpose  was  to  locate and  consummate  a  merger  or
acquisition with a private entity.

On  July 14, 2000, the Company entered into an Agreement and Plan
of  Reorganization  (the "Agreement") with  GOL  India.com,  Inc.
("GOL India") to purchase 100% ownership of GOL India in exchange
for   Common  Stock  of  the  Company.   GOL  India,  a  Delaware
corporation incorporated on April 20, 2000, is part of the Global
Online   strategy  of  USA  Global  Link,  Inc.   to   build   an
international e-commerce meta-hub, and was established to provide
e-commerce  services and e-business solutions  to  consumers  and
businesses in India and around the world through its wholly-owned
subsidiary GOL India Portal Private Limited ("GOL India Portal"),
a  New  Delhi-based Indian company, and Internet access  and  web
hosting services to residential

                                4
<PAGE>

and  business customers through a 49% ownership in GOL India  ISP
Private  Limited  ("GOL  India ISP"), a  New  Delhi-based  Indian
company  incorporated  on  March  12,  1998.   Details  of   this
Agreement  have  been presented in Form 8-K, filed  on  July  17,
2000, and are incorporated by reference.

(b)  Business of Issuer

Global  Online India is a provider of e-commerce services and  e-
business  solutions  to the approximately  5.5  million  Internet
users   in   India  and  the  approximately  20  million   Indian
expatriates   around  the  world  through  its  online   hub   at
"www.GOLIndia.com".  Our hub links residential and business users
in  India  to international goods and services under  one  global
brand,  and  links the approximately 220 million  Internet  users
around the world to Indian commerce, culture and lifestyle.

The Company provides hub services-such as B2B trade exchanges for
businesses,  telecom  services, and B2C  shopping  and  lifestyle
services  for  consumers-through GOL India Portal, and  plans  to
provide   Internet   access,  web-hosting  and   other   advanced
telecommunications services to residential and business customers
through GOL India ISP.

The   hub  currently  provides  a  range  of  business  services,
including  auctions  in  categories  like  agriculture,  apparel,
automotive,  chemicals and construction; a loan finding  service;
Indian  rail, air and movie tickets; online insurance and  credit
card  applications; access to online medical and legal  services;
and access to web stock market information.  General services for
end-users and small businesses include news, chat, Bollywood,  e-
greetings,  sports,  stock  information,  auctions,  classifieds,
yellow  and white pages, and jobs.  A unique feature of our  site
is  its  range  of telecommunications services, such  as  instant
call,  global  phone  cards and discounted international  calling
packages.

GOL  India  ISP  is  the holder of a national  Category  "A"  ISP
license  for  India,  which authorizes  the  company  to  provide
Internet  access and related ASP services through 108  points-of-
presence  ("PoPs")  located in every major city  of  India.   GOL
India  ISP  has  also  signed a Memorandum of Understanding  with
Uttar  Pradesh Development Systems Corporation Limited  (UPDESCO)
to  provide  Internet  access, web hosting  and  other  Internet-
related  e-services  to the state government  of  Uttar  Pradesh.
This  government-owned  corporation serves  the  state  of  Uttar
Pradesh, the largest of 29 states in India, with a population  of
approximately 170 million.

We  are  affiliated  with Global Online (GOL),  an  international
online  hub at "www.GlobalOnline.com".  GOL is the global gateway
to  international  life  and  world trade,  providing  access  to
advanced   services  to  customers  around  the   world   through
approximately 5,000 web sites and portals.

Industry Overview

The  number of Internet users worldwide is expected to grow  from
approximately 140 million in 1998 to 400 million  in  2002.   The
increasing number of personal and corporate computers  linked  to
the   Internet,  advances  in  network  design  and   deployment,
increased   availability  of  applications,  the   emergence   of
significant online content, and faster and inexpensive access are
expected  to  fuel rapid Internet growth and e-commerce  adoption
for the foreseeable future.

                                5
<PAGE>

Moreover, companies are increasingly turning to the Internet  for
functions  essential  to their core businesses,  including  sales
force automation, customer relationship management and retention,
and  supply chain management.  This new Internet-based arena  for
business  is called "e-business".  The Internet also  presents  a
compelling  revenue  and  profit opportunity  for  businesses  by
enabling   them  to  reduce  operating  costs,  access   valuable
information and extend their reach into new markets.

Hoovers   predicts  that  the  number  of  personal  and  network
computers installed in India will grow from 1.9 million  in  1999
to  8.2  million in 2002.  Similarly, Indian Internet users  will
increase from approximately one million in 1999 to 36 million  in
2002  and  leaps to 70 million in 2003, according to the  Goldman
Sachs  Asia Internet Report.  The rate of Indian users  accessing
the Internet is presently growing at approximately 154% per year.
Forrester  Research and Goldman Sachs estimate that revenue  from
B2B e-commerce worldwide will grow from approximately $40 billion
in  1998  to  $1.5 trillion in 2003.  The Indian Market  Research
Bureau  predicts  that the Indian e-commerce market  will  exceed
$11.9 billion by 2001, up from just $3.8 million in 1998.

Target Customers

Our  target customers for telecommunications services and B2B/B2C
e-commerce  and  e-business services are  the  approximately  5.5
million  Indian  Internet users and 20 million Indian  expatriate
Internet users.  As of this date, the majority of users in  India
are  Internet and tech-savvy males between the ages of 18 and 45.
This demographic is expected to shift in the next two years to  a
more  broad-based representation of the Indian middle class, with
more  women, businesses, and government users gaining  access  to
the  Internet.  Schools, colleges, and other industry sectors are
expected to follow.

We  intend  to shift our software applications, marketing,  sales
and  content  management and presentation to  meet  this  growing
demand.   Our  target  customers for  Internet  access,  ASP  and
broadband  and  gateway services are the 3.2 million  small-  and
medium-sized enterprises, resellers and telecom companies located
in the 50 largest cities of India.

Sales and Marketing Plan

As  we  continue to penetrate the e-commerce, ISP and ASP markets
in India, we intend to build customer traffic and loyalty through
conventional  marketing  and sales  methods  as  well  as  online
strategies, using a combination of direct marketing, face-to-face
sales  calls and business partnerships.  We intend to  build  our
brand  and  acquire customers in India via a number  of  tactics,
including:

  1)   Online and offline media advertising and promotions;
  2)   Cyber Cafe points-of-sale promotions;
  3)   Trade shows;
  4)   Internet software and hardware training seminars;
  5)   Public  relations  campaigns in  the  Indian  and  Indian
       expatriate press;
  6)   Partnerships with professional associations, trade groups,
       and political and religious organizations; and

                                6
<PAGE>

  7)  A network  of sales agents trained to sell and service  our
      telecom services offering.

We  may not, however, be able to utilize all these tactics or may
decide that other tactics will be more productive.

A  direct marketing campaign using direct mail, telemarketing and
e-mail  will be used to generate qualified leads for GOL  India's
sales   representatives.   We  intend  to  deploy   1,000   sales
representatives  in India by the year 2003, securing  subscribers
through  direct  sales calls.  These representatives  will  be  a
combination of employees and independent sales agents.   We  have
just  begun to recruit independent sales agents, and we have just
begun our marketing campaign.

Products and Services

There are two main revenue streams planned in our business model:
Hub Services and Network Services.

The principal Hub Services planned are:

  1) Telecom  services  (e.g.,  Instant Call  with  conferencing,
     Instant Hotline, phone cards, and PC-to-phone);
  2) B2B  trade  and  surplus exchange hubs (e.g.,  computers,
     household goods, and books);
  3) B2C  online  stores  (e.g., DVDs, videos,  and  food  and
     groceries);
  4) Advertising,  promotions and sponsorships  (e.g.,  opt-in
     newsletters, site advertising, banner CPM and CPC, link CPM and
     CPC, and text CPM and CPC); and
  5) Member Services.

The principal Network Services planned are:

  1) Internet access for residential, business, government and
     cyber cafe users;
  2) Wholesale  broadband and gateway services  for  ISPs  and
     telecom providers (e.g., VPNs, FoIP, VoIP, wireless paging, and
     unified messaging); and
  3) Wholesale  ASP,  ERP  and OSS services  for  medium-sized
     business and large corporations (e.g., web hosting; security,
     encryption and authentication services; firewall and real-time
     data management; sales force automation, and customer relations
     management software).

The  Company  has the necessary approvals, licenses and  such  to
provide its principal products and services in India.  There  can
be  no  assurance, however, that the newly deregulated market  or
regulatory  changes anticipated by the Government of  India  will
continue.

The   Company  currently  employees  three  staff  in  the   U.S.
(supported  by  approximately 30 staff employed directly  by  the
Company's majority shareholder, USA Global Link), and four  staff
in New Delhi, India.

(c)   Reports to Security Holders.
                                7
<PAGE>

The  Company  files annual, quarterly and special reports,  proxy
statements and other information with the Securities and Exchange
Commission.   You  may read and copy any reports,  statements  or
other information the Company files at the SEC's public reference
room at 450 Fifth Street N.W., Washington, D.C. 20549, or on  the
Securities and Exchange Commission's web site, http://www.sec.gov.

These  reports  are  also available on the  Company's  web  site,
http://www.GOLIndia.com,  under "Investor  Relations".   You  may
call  the  SEC at 1-800-SEC-0330 for further information  on  the
public  reference rooms.  You may also obtain copies  of  filings
the  Company has made with the SEC directly from the  Company  by
requesting them in writing.

Item 2.  Description of Property

The Company does not own any real property.  However, the Company
does  own certain furniture, fixtures, and computer hardware  and
software  valued  at $14,552.  The Company also  holds  equipment
under  capital  lease valued at $101,468.  The Company  holds  an
investment  of 5,000 shares of Common Stock in USA  Global  Link,
Inc., which was contributed to the Company by its Parent.

Item 3.  Legal Proceedings

The  Company was not involved in any legal proceedings during the
period for which this report is filed.

On January 26, 2001, the Company was served notice of a complaint
filed in the Third Judicial District Court in Salt Lake County by
Robert  Gosman and Double B Investments regarding certain  claims
made  against the Company. Gosman and Double B Investments allege
that   certain  promises  made  by  a  former  Director  of   ENG
Enterprises,  Inc.  to  certain shareholders  at  the  time  they
converted their Preferred B shares have been broken, and that the
present  Company is in some way liable.  The Company  intends  to
contest  these  allegations forcefully,  however  the  extent  of
potential  costs  to  defend  this  action  and/or  any   adverse
settlements  against  the  Company  are  as  yet  unknown.    The
Agreement  and  Plan of Reorganization signed on  June  12,  2000
between  ENG Enterprises and GOL India.com, Inc. indemnifies  the
Company against such potential actions.

Legal counsel for the guarantors under this Agreement has informed
the Company that they have reached an agreement with the
Plaintiffs for the settlement of this lawsuit without cost to
the Company.

Item 4.  Submission of Matters to a Vote of Security Holders

The  Board  of  Directors of the Company and a  majority  of  the
shareholders approved to change the name of the Company to Global
Online India, Inc. by consent on July 14, 2000.  USA Global Link,
Inc.  owns  47,288,300 of shares of Common Stock of the  Company,
which  represents  approximately 94.6% of  the  total  number  of
outstanding shares of the Company eligible to vote.  The  Company
filed  a Definitive 14(c) Information Statement on July 28, 2000,
notifying  shareholders of the name change.  No other matter  was
submitted  to  a vote of security holders during the  period  for
which this report is filed.

                                8
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Part II

Item 5.  Market for Common Equity and Related Stockholder Matters

(a)  Market Information.

The  principal  market where the Company's common equity  is  the
NASD OTC Bulletin Board, trading under the symbol "GOLX".

The   following  table  presents,  for  the  respective   periods
indicated, the prices for the Company's Common Stock in the over-
the-counter market as reported by NASD's OTC Bulletin Board.  The
high-low   prices   represent  publicly   reported   inter-dealer
quotations,  without adjustments for retail mark-ups,  mark-downs
or   commissions,  and  may  not  necessarily  represent   actual
transaction  prices.   The high-low prices for  the  fiscal  year
ended  December  31, 2000 reflect the effect of  the  200%  stock
dividend  paid  on  August 17, 2000 as if it  had  been  paid  on
January 1, 2000.

                                        High Price       Low Price

Fiscal Year Ended December 31, 1999        0.12             0.00

Fiscal Year Ended December 31, 2000

          First   Quarter             Reliable Data    Reliable Data
                                       Unavailable      Unavailable
          Second Quarter                 $ 3.00            $0.50
          Third  Quarter                 $10.00            $0.66
          Fourth Quarter                 $10.50            $5.75

(b)   Holders.

Approximately 700 shareholders of record of the Company's  Common
Stock held certificates representing shares in their own name  as
of  December  31,  2000,  and  we  estimate  approximately  1,250
beneficial  shareholders  of  the  Company's  common  stock  hold
certificates   in   "street  name"  by  a   broker   or   dealer.
Approximately 90 brokers or dealers hold 47 certificates  in  the
name  of CEDE & Co., which represent approximately 350,000 shares
of Common Stock of the Company.

(c)   Dividends.

There  have  been no cash dividends paid by the  Company  on  its
Common Stock.  The Company intends to retain its earnings for its
business use and, therefore, does not anticipate paying any  cash
dividends on its Common Stock for the foreseeable future.

The  Board  of  Directors of the Company approved a  two  hundred
percent  (200%) Common Stock dividend on July 14, 2000, effective
August  17, 2000.  The stock dividend was approved on a  pro-rata
basis  to all existing shareholders of the Company's Common Stock
as of July 28,
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2000  through the issuance of two (2) shares of Common Stock  for
each outstanding common share of the Company.

Item 6.  Management's Discussion and Analysis or Plan of
Operation

(a)  Plan of Operation.

The  Company  has  begun  operations of its  online  business-to-
business (B2B) and business-to-consumer (B2C) e-commerce services
for  Indian residential and business customers and for the Indian
expatriate  population  around  the  world  at  the  Indian   hub
"www.GOLIndia.com", and intends to begin offering Internet access
and  network services, such as application service provider (ASP)
and  Enterprise  Resource Planning (ERP)  services,  through  its
ownership  in  GOL  India ISP.  The Company's meta-hub,  Internet
access and network services are designed for use by the projected
70 million  residential  and business Internet  users  throughout
India  and  by  the  approximately 20 million Indian  expatriates
around the world.

In  the  next 12 months, the Company will focus on continuing  to
build  the range of e-commerce and telecom services available  on
its  meta-hub.  Product research and development will  center  on
new  IP-based telecom services, which are set-up and  transmitted
via  either  the  public Internet or on the network  of  an  out-
sourced  telecommunications carrier.  These services may include
Fax-over-IP  (FoIP),  Voice-over-IP  (VoIP),  unified  messaging,
Instant Call Direct, and Instant Web Link.

The  Company  expects to begin expansion of its  IP-based  voice,
data  and  messaging  network  in India  in  2001.   The  Company
anticipates  that  by  December 2001, it  will  have  deployed  a
minimum of 10 PoPs (points-of-presence) in the largest cities  of
India.   In  order  to  accomplish this goal,  the  Company  will
further  invest in both telecom and computer equipment  (such  as
web  servers, database servers, and routers) and select  software
packages.   The  Company  expects that  this  equipment  will  be
capitalized.  The Company projects that its employees  will  grow
from  its  current level of seven to approximately 30 by December
2001.

The  Company  is currently dependent on its majority  shareholder
for its operating funds.  It is anticipated that the Company will
need  an  infusion  of capital within the next  three  months  to
successfully  implement its plan of operation.  The  most  likely
method  available  to it for raising such capital  would  be  the
private  sale  of  its  securities or  borrowing  from  either  a
commercial or private lender.  It is unlikely that it could  make
a  public sale of securities within this period.  There can be no
assurance, however, that the Company will be able to obtain  this
funding  when and if needed, or that such funding, if  available,
can be obtained on terms acceptable to the Company.

In  addition to the above, factors that may affect the successful
implementation of this plan of operations include a slow down  in
the  growth  of Indian e-commerce and Internet use, a significant
increase  in  competition for Internet products and  services  in
India,  a  breakdown in security of online transactions  and  the
transmittal  of confidential information over the  Internet,  and
the  consequences  of regulations and foreign  state  or  federal
laws.

(b) Management's Discussion and Analysis and Results of Operations.
                               10
<PAGE>

General

The   following  discussion  and  analysis  should  be  read   in
conjunction  with the selected consolidated financial information
and  the  consolidated financial statements and  notes  appearing
elsewhere in this Form 10-KSB.

This  Report  in  general and this discussion in  particular  may
contain  "forward-looking" statements.  The Company is  including
this  cautionary  statement for the express purpose  of  availing
itself  of  the  protections of the safe harbor provided  by  the
Private Securities Litigation Reform Act of 1995 with respect  to
all such forward-looking statements.  Examples of forward-looking
statements  include, but are not limited to: (a)  projections  of
revenues,  capital  expenditures, growth,  prospects,  dividends,
capital structure and other financial matters; (b) statements  of
plans  and objectives of the Company, its management or Board  of
Directors;  (c)  statements of future economic  performance;  (d)
statements   of  assumptions  underlying  other  statements   and
statements  about the Company and its business  relating  to  the
future;  and  (e)  any  statements using the words  "anticipate,"
"expect," "may," "project," "intend" or similar expressions.

The  Company has an authorized 80,000,000 shares of Common  Stock
at  a  par value of $.01 and 10,000,000 Preferred Stock at a  par
value of $1.00.

Balance Sheet

At  December 31, 2000, the Company had total assets of  $607,674,
including  $24,013 of cash, $418,788 of accounts receivable,  and
$6,076  of  Internet domain names, representing 76  domain  names
including     "www.GlobalOnlineIndia.com",    "www.GOLIndia.com",
"www.GlobalIndianFoods.com,  and  "www.GlobalIndiaTV.com;   fixed
assets  of $82,549 in computer hardware equipment, furniture  and
fixtures;  $76,243 in software development costs; and,  as  other
assets, 5,000 shares in common stock of USA Global Link, Inc. par
value of $0.01.  USA Global Link is a privately held company.

The  Company  has current and long-term liabilities  of  $744,560
consisting of an intercompany payable to USA Global Link, Inc. of
$678,461  incurred by the Company in operating expenses  such  as
salaries, consulting fees, and marketing costs, $3,469 of accrued
expenses  for  various  services, $25,706 of  short-term  capital
leases  for computer equipment, and $36,924 of long-term  capital
leases for computer equipment.

The  Company has a deficit of $136,886 consisting of $500,057  in
common  stock  (50,005,655  shares at  a  par  value  of  $0.01),
$162,919  in additional paid-in capital, and $799,862 in  current
accumulated   deficit.   Total  liabilities  and   equity   equal
$607,674.

There  is no meaningful comparison with the previous year and  so
none is given.

Statements of Operations

The  Company  filed a Form 10-QSB for the period ending  December
21,  1999  on April 4, 2000. This Form, filed under the name  ENG
Enterprises,  Inc.,  stated  in its  "Management  Discussion  and
Analysis  or  Plan  of  Operation"  that  ENG  "is  considered  a
development stage company with
                               11
<PAGE>

no  assets  or  capital and with no operations  or  income  since
approximately  1995".  We will therefore not attempt  to  analyze
the  Company's  present performance by comparing its  results  of
operations in 2000 to its performance in 1999.  Rather,  we  will
state the results of operations for 2000 only.

The   Company   began   operations   of   its   online   hub   at
"www.GOLIndia.com" at the beginning of July  2000,  and  did  not
begin generating revenues until late August, 2000.  Revenues  for
the  period  ending  December 31, 2000 total $435,519.   Cost  of
revenues  was  $429,819 for the same period.  Operating  expenses
totaled $463,336; interest expense totaled $8,864 related to  web
servers  and peripheral computer equipment; net loss after  taxes
was  $466,500  for  the  period.  In the opinion  of  management,
inflation has not had a material effect on the operations of  the
Company.

During  the  period from April 20, 2000 (date  of  inception)  to
December  31,  2000,  revenues from one customer  were  $417,550,
which  represents approximately 96% of total revenues.   Accounts
receivable  from this customer amounted to $417,550  at  December
31, 2000.

Year 2000 Computer Problem

The  Year  2000  or  Y2K  problem concerns potential  failure  of
certain   computer  software  to  correctly  process  information
because  of  the  software's inability to calculate  dates.   The
Company  experienced no Y2K problems during the reporting  period
ending  December 31, 2000, and operations have not been  affected
by any such computer problem.

Item 7.  Financial Statements

The financial statements of the Company are set forth in Part IV,
Item  13: Exhibits, Financial Statement Schedules and Reports  on
Form 8-K.

Item  8.  Changes  in  and  Disagreements  with  Accountants   on
Accounting and Financial Disclosure

The  Company  has had no disagreements with its certified  public
accountants with respect to accounting practices or procedures or
financial disclosures.
                               12
<PAGE>

PART III

Item  9.   Directors, Executive Officers, Promoters  and  Control
Persons; Compliance with Section 16(a) of the Exchange Act

(a) The following table sets forth as of March 6, 2001, the name,
age,  and position of each director and executive officer of  the
Company,  and  the term of office of each director and  executive
officer.
<TABLE>
<C>                    <C>  <C>                       <C>
Name                    Age  Position                 Director of Officer Since

Christopher W. Hartnett 47   Chairman of Board          Since July 14, 2000 to present
Prakash Srivastava      45   Vice Chairman
                             and Director               Since July 14, 2000 to present
Anthony Santelli        61   Chief Executive Officer    Since July 14, 2000 to present
Larry Chroman           49   International President
                             and Director               Since July 14, 2000 to present
Lee C. Fergusson        46   President, Chief Operating
                             Officer and Director       Since July 14, 2000 to present
Avanish Pande           28   President of
                             Portal Services            Since July 14, 2000 to present
Marc Freeman            49   Director                   Since July 14, 2000 to present
David Morgan            66   Director                   Since July 14, 2000 to present
William M. Gruzynski    48   Director                   Since October 10, 2000 to
                                                        present
</TABLE>
Christopher  W.  Hartnett,  Ph.D.,  Chairman  of  the  Board   of
Directors,  is the founder of Global Online India, and  has  been
the Chairman of the Board of Directors of USA Global Link and its
predecessor  since it was founded in 1992.  Dr. Hartnett  founded
International  Gemstone  Corporation and  International  Gemstone
Partners,  one of the first limited partnerships for  investment-
grade  gemstones,  and  was  active in  the  investment  gemstone
industry  from 1979 through 1994.  From 1983 to 1990,  he  was  a
member  of  the  Chicago  Mercantile  Exchange,  specializing  in
international currency arbitrage and futures on the S&P 500 Index
for  his own account.  Dr. Hartnett was a founding member of  the
International Resale Council of the Telecommunications  Resellers
Association,  which is responsible for developing  and  enforcing
sound   and  ethical  business  practices  in  the  international
telecommunications industry.  In 1997 he was chosen to  represent
the  United  States government as a member of the  United  States
delegation  to  the  International  Telecommunication  Union   in
Geneva,   Switzerland.   In  1996  Dr.  Hartnett   received   the
Entrepreneur  of the Year Award sponsored by Ernst &  Young,  USA
Today, and the NASDAQ Stock Market.

Prakash  Srivastava, Vice Chairman, is the Chairman of GOL  India
ISP  Private Limited, a New Delhi-based Internet Service Provider
and a 49% owned company of Global Online India, since 1998.  From
1987 to the present, he served as Chief Executive Officer of  MAP
(India), an export company engaged in the manufacture and  export
of  Ayurvedic  and  herbal preparations.  Mr.  Shrivastava  is  a
Director  of  MHDFC  Private Limited, a company  incorporated  in
India   to  provide  housing  loans.   MHDFC  commenced  business
operations  in  1997, and has been approved by  National  Housing
Bank  (NHB)  a  subsidiary of the Reserve Bank of India  and  the
Central   Board  of  Direct  Taxes,  India.   Since   1997,   Mr.
Shrivastava  has been the director of a company  engaged  in  the
development  and  construction of housing  complexes,  townships,
colonies, and residential and commercial buildings.  In 1999,  he
acquired  the  controlling  interest  in  Trans  Bharat  Aviation
Private  Limited, which is an air taxi operator.  Mr. Shrivastava
is on the board of
                               13
<PAGE>

various  corporations  involved in  the  manufacture  of  natural
herbal  products, the development of computer software,  training
in  computer science, the manufacture of pollution-free vehicles,
and printing and publishing.

Anthony  (Tony) Santelli, Chief Executive Officer, has  been  the
Executive  Vice  Chairman of USA Global  Link  since  1999.   Mr.
Santelli  was General Manager of IBM's Printing Systems  Company,
responsible for the worldwide P&L of the $2.0 billion  integrated
division  until 1999.  Mr. Santelli was directly responsible  for
hardware and software development, marketing, direct and  channel
sales,   manufacturing,   service,  supplies   and   professional
services,  and  he  restructured the business  that  delivers  e-
business solutions to the new growth market segments.  From  1995
until  1997, he held the position of General Manager,  Product  &
Brand   Management,   IBM   Personal   Computer   Company,   with
responsibility for worldwide product development,  marketing  and
brand   management  for  the  ThinkPad  mobile  products,   IBM's
commercial  desktop  systems  and the  after-market  business  of
features  and  options. In this position he was  accountable  for
worldwide  market  share,  customer  satisfaction  and  the   P&L
performance of these brands representing $10 billion revenue.

Larry Chroman, International President and Director, has been the
International  President of USA Global Link since November  1997,
and  was  President of USA Global Link and its  predecessor  from
June  1995 until November 1997.  From 1992 to 1995, he  was  Vice
President/Investments  at  Surya  Financial,  Inc.  and  managing
partner  at  Zimmerman Capital Group, private  investment  banks.
Mr.  Chroman was responsible for the consummation of a wide range
of  investment transactions involving stock, bond and real estate
investments focusing on start-up technology companies.

Lee  Fergusson, Ph.D., President and Chief Operating Officer  and
Director,  has been the President and Chief Operating Officer  of
USA  Global Link since March 1999.  Prior to assuming his present
positions,  he  was  Vice  President  of  International  Business
Development  and  Managing Director of  Major  Accounts.   Before
joining  USA  Global Link in 1996 he specialized in business  and
administrative process reengineering and object-oriented analysis
and  design for Object Discovery Corporation, Inc.  He has served
as   a  consultant  and  advisor  to  private  organizations   in
Australia,  Cambodia,  Indonesia, the Philippines  and  Thailand.
Dr.   Fergusson  was  a  Director  of  the  European  Competitive
Telecommunications  Association  (ECTA)  and  Chairman   of   its
Internet  Committee from 1998 to 1999, and is  currently  on  the
Board of Advisors of INOMY, New Delhi.

Avanish  Pande,  President of Portal Development,  has  held  the
position  of  Senior  Vice President of  USA  Global  Link  since
January  2000.  Previously, he held the positions of Director  of
Business  Development, Senior Financial Analyst, Project Manager,
and  Database  Analyst at USA Global Link.   Before  joining  USA
Global  Link in November 1997, he worked as Financial Analyst  at
Telegroup, Inc., a telecommunications company, from January  1997
to  November  1997.   Mr. Pande began his career  as  Manager  of
Finance at Tata Finance Ltd. (part of the $30 billion Tata Group)
in April 1995.

Marc  Freeman, Director, has been President of Special Operations
at  USA Global Link since January 2000, and was Vice President of
Sales from January 1998.  Before joining USA Global Link, he  was
President  of Polardreams International, an international  import
and  manufacturing company.  From 1984 to 1992, he was  President
of Tarsha International, an international

                               14
<PAGE>

consumer products company.  From 1973-1984, Mr. Freeman was  with
Coffee  Imports  International, an  international  trading  firm,
holding  positions ranging from sales manager to  Vice  President
International Sales.

David  Morgan, Director, has been a Director of USA  Global  Link
since  February 1999.  From 1997 until his retirement in  May  of
1998, Mr. Morgan held the position of Chairman of M&G Group, PLC,
a leading London-based investment company.  From 1994 to 1997, he
held  the position of Managing Director of M&G Group, PLC.   From
1990  to  1994  Mr.  Morgan served as Managing  Director  of  M&G
Limited.   During  this time, he was appointed to  the  Board  of
Directors  of  M&G  Group, PLC. Between 1988  and  1990,  he  was
Director  in  charge of Pension Fund Investments for  M&G  Group,
PLC.

William  M.  Gruzynski, Director, is the Chairman and Founder  of
the  Emerald  Group  of  Companies (EGC), which  include  Emerald
Market   Systems,   Inc.,  a  company  delivering   technological
innovations   to  the  financial  industry,  and  Emerald   Asset
Management,  Ltd.,  which concentrates on alternative  investment
solutions  including  hedge funds and managed  futures  programs.
Mr.  Gruzynski  is  a senior partner with Hillcrest  Partners,  a
commodity  futures and options consulting firm founded  in  1980,
through   which  he  has  advised  Asian  and  European   banking
interests.   Mr. Gruzynski is a member of the Board  of  Advisors
and  a  lecturer  and  instructor in the  Financial  Markets  and
Trading Program at the Illinois Institute of Technology's  Stuart
School  of  Business.  He is also on the Board  of  Directors  of
various   companies   and  organizations,  including:   Inverness
Development,  a real-estate development company; Victoria  Farms,
an   agricultural  concern;  Michael  Alexander   Foundation,   a
charitable  organization  helping  youth  in  America,  and   the
Schaumburg  Park  Foundation.  Mr. Gruzynski  served  as  Special
Liaison  to  the  Director  of  the  Cabinet  under  the   Reagan
Administration.

(b)  Other than the above directors and executive officers, there
are  no  other  significant employees who  are  expected  by  the
Company to make a significant contribution to the business.

(c)   There  are  no  family relationships among  any  directors,
executive officers, or persons nominated or chosen by the Company
to become a director or executive officer.

(d)  To the best of our knowledge, during the past five years, no
present or former director, executive officer or person nominated
to become a director or an executive officer of the Company:

  (1)   Any  bankruptcy petition by or against  any  business  of
  which  such  person was a general partner or executive  officer
  either at the time of the bankruptcy or within two years  prior
  to that time;

  (2)   Any  conviction in a criminal proceeding or named subject
  to  a pending criminal proceeding (excluding traffic violations
  and other minor offenses);

  (3)   Was  the  subject of any order, judgment or  decree,  not
  subsequently  reversed, suspended or vacated, of any  court  of
  competent  jurisdiction, permanently or  temporarily  enjoining
  barring,  suspending or otherwise limiting his  involvement  in
  any type of business, securities or banking activities; and
                               15
<PAGE>

  (4)   Was  found  by  a court of competent jurisdiction  (in  a
  civil  action), the Commission or the Commodity Futures Trading
  Commission  to  have violated a federal or state securities  or
  commodities  law,  and  the judgment  has  not  been  reversed,
  suspended, or vacated.

Compliance with Section 16(a) of the Exchange Act

The Company knows of no person, who at any time during the fiscal
year, was a director, officer, beneficial owner of more than  ten
percent  of  any  class  of  equity  securities  of  the  Company
registered  pursuant  to  Section 12 ("Reporting  Person"),  that
failed  to  file  on a timely basis any reports  required  to  be
furnished  pursuant to Section 16(a).  Based  upon  a  review  of
Forms  3  and  4  furnished to the Company under Rule  16(a)-3(d)
during  its most recent fiscal year, other than disclosed  below,
the  Company knows of no Reporting Person that failed to file the
required  reports  during the most recent fiscal  year  or  prior
years.

Those  parties  who became Reporting Persons in  July  2000  were
unaware  at  the  time  of their reporting responsibilities  with
regard  to  Form 3.  USA Global Link, as the majority shareholder
of  the  Company, did disclose all stock holdings in a series  of
information statements and notices filed in a timely manner  with
the SEC from July 17 to August 24, 2000.  On or about October 31,
2000,  all individuals who became Reporting Persons in July  2000
filed  Forms 3, and the holdings of these Reporting Persons  have
not  changed since that time. William Gruzynski became a director
of the Company on October 10, 2000, and submitted his Forms 3 and
5  in March, 2001.  USA Global Link has filed all Forms 3, 4, and
5 in a timely manner since October 2000.

Item 10.  Executive Compensation

The   Company's  directors  received  no  compensation  or   cost
reimbursement for attendance at board meetings.  Other  than  the
executive  officer  reported in the table  below,  the  Company's
executive   officers   received  no   salary,   bonus   or   cost
reimbursement from the Company in 2000.
<TABLE>
<CAPTION>
                                       Annual Compensation               Long-Term Compensation

Name and                                                   Other      Restricted   Securities
Principal                                                  Annual       Stock      Underlying    LTIP
Position                     Year    Salary     Bonus   Compensation    Award(s)  Options/SARs   Payout
<C>                          <C>     <C>         <C>        <C>           <C>         <C>        <C>
Avanish  Pande               2000    $60,000     0.0        0.0           0.0         0.0        0.0
President of Portal Services
</TABLE>

Item 11.  Security Ownership of Certain Beneficial Owners and
Management

The  following table sets forth as of March 6, 2001, the name and
the number of shares of the Company's Common Stock held of record
or  beneficially owned by each person who held of record, or  was
known  by  the Company to own beneficially, more than 5%  of  the
issued and outstanding shares of the Company's Common Stock,  and
the  name  and shareholdings of each director and of all officers
and directors as a group.

Title       Name and Address        Amount and Nature of   Percentage
of Class   of Beneficial Owner      Beneficial Ownership  (1) of Class
                               16
<PAGE>

Common    USA Global Link           47,288,300 (D)            94.6
Common    Christopher Hartnett          17,700 (D)             0.0
                                        20,000 (I)(2)          0.0
Common    Prakash Srivastava                 0                 0.0
Common    Tony Santelli                 20,000 (I)(2)          0.0
Common    Larry Chroman                    600 (D)             0.0
                                        20,000 (I)(2)          0.0
Common    Lee Fergusson                 19,998 (I)(2)          0.0
Common    Avanish Pande                 10,000 (I)(2)          0.0
Common    Marc Freeman                  20,000 (I)(2)          0.0
Common    David Morgan                       0                 0.0
Common    William Gruzynski                300 (I)             0.0

Common    All Officers and Directors
          As a Group (9 persons)       128,598                0.03

(1)   Indirect and direct ownership are referenced by an  "I"  or
  "D",   respectively.   All  shares  owned  directly  are  owned
  beneficially and of record, and such shareholder has sole voting,
  investment, and dispositive power, unless otherwise noted.
(2)   Common Stock received from the controlling interest of  the
  Company's majority shareholder.

Item 12.  Certain Relationships and Related Transactions

In  September  1999, the Company entered into an Interim  Funding
Agreement  ("Interim  Agreement")  with  Milagro  Holdings,  Inc.
("Milagro"),  a Delaware corporation and unaffiliated  entity  to
the  Company,  in which Milagro agreed to advance  funds  to  the
Company,  up  to  a  total  of $75,000, in  exchange  for  equity
securities priced at $0.0025 per share. At December 31, 1999, the
Company  had received approximately $60,000 under this agreement,
in  exchange for a total of 24,000,000 shares of Common Stock  to
Milagro  for  conversion of the funds advanced  at  December  31,
1999.   The  breakdown  of  the amounts advanced  by  Milagro  is
outlined below.

Certain principal shareholders signed proxies giving their voting
rights  to  Capital Consulting, Inc., a Utah corporation  and  an
unaffiliated  entity to the Company.  Robert Mehl  and  the  Mehl
Family Limited Partnership granted voting proxies for common  and
preferred shares totaling 20,219,108 votes, and Jordan and Marsha
Smith  granted  voting  proxies for common and  preferred  shares
totaling  a  minimum  of  12,477,236 votes.   Capital  Consulting
assisted the Company in its efforts to locate a suitable business
opportunity during 1999-2000.

In  December 1999, the above shareholders also agreed  to  settle
certain  outstanding debts owed to them by the  Company.   Robert
Mehl  and  the  Mehl  Family Limited Partnership  signed  a  Debt
Settlement  Agreement in the amount of $25,000,  and  Jordan  and
Marsha Smith signed a Debt Settlement Agreement in the amount  of
$10,000,  each  in  exchange  for  forgiveness  of  any  and  all
outstanding  monies and obligations owed to each by the  Company.
Funds  for  the  debt  settlement were advanced  to  the  Company
pursuant  to  the  Interim Agreement by Milagro, an  unaffiliated
investor.
                               17
<PAGE>

To  secure  these funds, the Company issued to Milagro 14,000,000
shares  of the Company's Common Stock, at a price of $0.0025  per
share.   Milagro  advanced additional funds to  the  Company  for
expenses  incurred  in  connection with  the  Company's  Delaware
reinstatement,  payments  for  legal  and  accounting  fees   for
preparing and bringing current the Company's financial statements
and   SEC  filings,  and  legal  fees  in  connection  with   the
preparation  of filings.  The total amount of these  advances  at
December 31, 1999 was $25,000.

To  secure  these funds, the Company issued to Milagro 10,000,000
shares  of  the  Company's Common Stock, valued  at  $0.0025  per
share,  bringing  the  total number of shares  of  the  Company's
Common Stock owned by Milagro to 24,000,000.  Taking into account
the  1:200  reverse split effected by the Company in  March  2000
before  the Agreement and Plan of Reorganization signed  on  June
12,  2000 between ENG Enterprises and GOL India.com and filed  in
Form  8-K on July 17, 2000, and the cancellation of 60,000 shares
of  Milagro  Common Stock pursuant to the Agreement and  Plan  of
Reorganization,  as of March 6, 2001, Milagro  thus  beneficially
owned 180,000 shares of Common Stock of the Company.

USA  Global Link, Inc. controls 94.6% of the controlling interest
of  the  Company  through its ownership of 47,288,300  shares  of
Common Stock of the Company.

As  discussed in the Notes to the financial statements  presented
in  Part  IV,  Item 13, the Company has a 49% investment  in  GOL
India  ISP.  This investment was transferred from the  Parent  in
exchange for common stock of the Company.  At that time, it had a
net book value of zero on the Parent's books.

The  Company  also  has an investment of 5,000 shares  of  Common
Stock  of  USA  Global Link, Inc., which was contributed  to  the
Company  by its Parent.  As of December 31, 2000, this investment
is  recorded at $5.00, which approximates its net book value.  It
should  be  noted  that the Common Stock of USA Global  Link  has
previously sold for $810 per share.

As   disclosed  in  the  consolidated  statement  of  cash  flows
presented in Part IV, Item 13, USA Global Link transferred assets
to  the  Company  with  a net book value  of  $131,102  and  paid
expenses  of  $183,519 on behalf of the Company in  exchange  for
Common  Stock.  In addition, as of December 31, 2000, the  Parent
has  advanced $678,461 to the Company.  These advances  are  non-
interest  bearing, are unsecured, and have no specific  repayment
terms.

The  above amounts are not necessarily indicative of the  amounts
that  would  have been incurred had comparable transactions  been
entered into with independent parties.

                               18
<PAGE>

PART IV

Item 13.  Exhibits, Financial Statement Schedules and Reports  on
Form 8-K

The Company has filed with the Securities and Exchange Commission
a  Form 8-K on July 17, 2000, a notice of the acquisition of  GOL
India.com,  Inc., a Form 8-K/A on August 10, 2000 a notice  of  a
change   in   the  Company's  certifying  accountants,  financial
statements,  pro  forma financial information and  exhibits,  and
Form 8-K on August 24, 2000 a notice of name change, CUSIP number
and  stock ticker symbol.  These filings are incorporated by this
reference into this Form 10-KSB Report.

SIGNATURES

Pursuant  to the requirements of the Securities Exchange  Act  of
1934, the Registrant has duly caused this report to be signed  on
its behalf by the undersigned thereunto duly authorized.

Dated: March 27, 2001

By: /S/ Lee Fergusson, President
                               19
<PAGE>

Consolidated Financial Statements

                  Independent Auditors' Report

Board of Directors
Global Online India, Inc.
(A Majority Owned Subsidiary of USA Global Link, Inc.
  and A Development Stage Enterprise)
Fairfield, Iowa

We  have  audited the accompanying consolidated balance sheet  of
Global  Online  India, Inc. (a majority owned subsidiary  of  USA
Global  Link,  Inc.  and a development stage  enterprise)  as  of
December  31,  2000  and the related consolidated  statements  of
operations, changes in stockholders' deficit, and cash flows  for
the  period  April 20, 2000 (date of inception) to  December  31,
2000.    These   consolidated  financial   statements   are   the
responsibility  of  the management of Global Online  India,  Inc.
Our responsibility is to express an opinion on these consolidated
financial statements based on our audit.

We  conducted  our  audit in accordance with  auditing  standards
generally  accepted  in  the United  States  of  America.   These
standards  require that we plan and perform the audit  to  obtain
reasonable  assurance  about whether the  consolidated  financial
statements are free of material misstatement.  An audit  includes
examining,  on a test basis, evidence supporting the amounts  and
disclosures in the consolidated financial statements.   An  audit
also  includes  assessing  the  accounting  principles  used  and
significant  estimates made by management, as well as  evaluating
the  overall  consolidated financial statement presentation.   We
believe  that  our  audit  provides a reasonable  basis  for  our
opinion.

In our opinion, the consolidated financial statements referred to
above  present  fairly, in all material respects,  the  financial
position   of  Global  Online  India,  Inc.  (a  majority   owned
subsidiary  of  USA  Global Link, Inc. and  a  development  stage
enterprise)  as  of  December 31, 2000 and  the  results  of  its
operations and its cash flows for the period April 20, 2000 (date
of  inception) to December 31, 2000 in conformity with accounting
principles generally accepted in the United States of America.

The  accompanying  consolidated financial  statements  have  been
prepared assuming that Global Online India, Inc. will continue as
a going concern.  As more fully described in Note 2, although the
Company  has positive working capital of approximately  $414,000,
the  Company  incurred  an operating loss during  the  period  of
$466,500, has negative cash flow from operations of approximately
$644,000 as of December 31, 2000, and its liabilities exceed  its
assets   by  approximately  $137,000.   These  conditions   raise
substantial  doubt about the Company's ability to continue  as  a
going  concern.   The consolidated financial  statements  do  not
include any adjustments to reflect the possible future effects on
the  recoverability and classification of assets or  the  amounts
and  classification  of  liabilities that  may  result  from  the
outcome of this uncertainty.

/S/
Pender Newkirk & Company
Certified Public Accountants
Tampa, Florida
February 27, 2001
                               20
<PAGE>

                    Global Online India, Inc.

      (A Majority Owned Subsidiary of USA Global Link, Inc.
               and A Development Stage Enterprise)

                   Consolidated Balance Sheet

                        December 31, 2000

Assets
Current assets:
  Cash                                                       $  24,013
  Accounts receivable                                          418,788
Total current assets                                           442,801

Property and equipment, net of accumulated depreciation         82,549

Other assets:
  Software development costs, net of accumulated amortization   76,243
  Internet domain names                                          6,076
  Investments                                                        5
Total other assets                                              82,324

                                                             $ 607,674

Liabilities and Stockholders' Deficit
Current liabilities:
  Current portion of obligations under capital lease         $  25,706
  Accrued expenses                                               3,469
Total current liabilities                                       29,175

Long-term liabilities:
  Obligations under capital lease, net of current portion       36,924
  Payable to USA Global Link, Inc.                             678,461
Total long-term liabilities                                    715,385

Stockholders' deficit:
  Preferred stock; $1.00 par value; 10,000,000 shares authorized;
    no shares issued or outstanding
  Common stock; $.01 par value; 80,000,000 shares
    authorized; 50,005,655 shares issued and outstanding      500,057
  Additional paid-in capital                                  162,919
  Deficit accumulated during development stage               (799,862)
Total stockholders' deficit                                  (136,886)

                                                            $ 607,674

The accompanying Notes are an integral part of the consolidated
financial statements.
                               21
<PAGE>

                    Global Online India, Inc.

      (A Majority Owned Subsidiary of USA Global Link, Inc.
               and A Development Stage Enterprise)

              Consolidated Statement of Operations

     April 20, 2000 (Date of Inception) to December 31, 2000



Revenues                                               $   435,519

Cost of revenues                                           429,819

Gross profit                                                 5,700

Development stage expense:
  General and administrative                               463,336

Other expense:
  Interest expense                                           8,864

Net loss                                               $  (466,500)


Net loss per common share                              $      (.01)


Weighted average common shares outstanding              49,089,981

The accompanying Notes are an integral part of the consolidated
financial statements.
                               22
<PAGE>

                    Global Online India, Inc.

      (A Majority Owned Subsidiary of USA Global Link, Inc.
               and A Development Stage Enterprise)

   Consolidated Statement of Changes in Stockholders' Deficit

     April 20, 2000 (Date of Inception) to December 31, 2000
<TABLE>
<CAPTION>
                                  Common  Stock                     Deficit
                                                                  Accumulated
                               Shares                 Additional     During
                            Issued and      Par         Paid-In   Development
                            Outstanding    Value        Capital       Stage         Total
<S>                          <C>          <C>         <C>           <C>            <C>
Stock issued for cash, fixed
  assets, leased equipment,
  software development
  costs, and expenses paid
  on behalf of the Company
  (May 2000)                  1,000,000   $   1,000   $    323,259                 $  324,259

Acquisition of company       16,668,771     166,688     10,525,818  $ (10,530,778)    161,728

Recapitalization of
  company                    (1,000,000)     (1,000)   (10,691,506)    10,530,778    (161,728)

Stock dividend of 200
  percent effecting a
  three-for-one stock split  33,336,184     333,362                      (333,362)

Stock issued for services           700           7          5,348                     5,355

Net loss for the period                                                  (466,500)  (466,500)

Balance, December 31, 2000   50,005,655   $ 500,057   $    162,919  $    (799,862) $(136,886)
</TABLE>

The accompanying Notes are an integral part of the consolidated
financial statements.

                               23
<PAGE>

                    Global Online India, Inc.

      (A Majority Owned Subsidiary of USA Global Link, Inc.
               and A Development Stage Enterprise)

              Consolidated Statement of Cash Flows

     April 20, 2000 (Date of Inception) to December 31, 2000


Operating activities
  Net loss                                                $ (466,500)
  Adjustments to reconcile net loss to net cash used by
    operating activities:
      Depreciation and amortization                           49,447
      Expenses paid by Parent in exchange for common stock   183,159
      Stock issued for services                                5,355
      Increase in accounts receivable                       (418,788)
      Increase in internet domain names                          353
      Increase in accrued expenses                             3,469
  Total adjustments                                         (177,005)
  Net cash used by operating activities                     (643,505)

Financing activities
  Increase in payable to USA Global Link, Inc.               678,461
  Issuance of common stock for cash                            9,998
  Payments on capital lease obligation                       (20,941)
  Net cash provided by financing activities                  667,518

Net increase in cash                                          24,013

Cash at beginning of period                                        0

Cash at end of period                                     $   24,013

Supplemental disclosures of cash flow information and
  noncash financing activities:
    Cash paid for interest                                $    8,864

      Common   stock  was  issued  for  the  following  noncash
  considerations during May 2000:

      Fixed asset                                         $   15,178
      Assets under capital lease                             101,468
      Obligations under capital lease                        (83,571)
      Capitalized software development costs                  90,887
      Internet domain names                                    7,135
      Common stock of Parent                                       5
                                                          $  131,102
                               24
<PAGE>


    During  the  period  ended December 31, 2000,  the  Company
    declared  a  200% stock dividend effecting a  three-for-one
    stock  split.   The  effect  of  this  transaction  was  to
    increase  common stock and increase accumulated deficit  by
    $333,362.

The accompanying Notes are an integral part of the consolidated
financial statements.
                               25
<PAGE>


                    Global Online India, Inc.

      (A Majority Owned Subsidiary of USA Global Link, Inc.
               and A Development Stage Enterprise)

           Notes to Consolidated Financial Statements

     April 20, 2000 (Date of Inception) to December 31, 2000

1.  Background Information and Affiliated Companies

Global  Online  India,  Inc.,  formerly  ENG  Enterprises,   Inc.
("ENG"),  was incorporated in the state of Delaware on August  2,
1982.  From inception to 1995, ENG was engaged in the business of
the  exploration, development, and production of oil and  natural
gas.   In 1995, ENG ceased operations and remained inactive until
July  2000, with its sole activity being the search for a  merger
or acquisition partner.

GOL  India.com, Inc. ("GOL India") was incorporated in the  state
of  Delaware  on  April  20, 2000 with  headquarters  located  in
Fairfield,   Iowa.    GOL  India  was  established   to   provide
telecommunications, e-commerce services, and e-business solutions
to consumers and businesses around the world through its meta-hub
and  through its 100% owned subsidiary, GOL India Portal  Private
Limited ("GOL India Portal"), an Indian private limited liability
company,  as  well as Internet access and other network  services
through its 49% ownership of GOL India ISP Private Limited  ("GOL
India ISP"), an Indian private limited liability company.

On  July  14,  2000,  ENG acquired all of the outstanding  common
stock  of GOL India. The consideration given by ENG consisted  of
the  issuance by ENG of 15,750,000 shares of its common stock  to
USA  Global Link, Inc., representing approximately 94.5%  of  the
total  outstanding Class A common stock of ENG.   For  accounting
purposes,  the acquisition has been treated as a recapitalization
of  GOL  India with GOL India as the acquiror (namely, a "reverse
acquisition").  As a result of this acquisition, ENG changed  its
name  to  Global Online India, Inc. effective as  of  August  17,
2000.  The consolidated entities will hereinafter be referred  to
as  the  "Company" or the "Registrant."  The historical financial
statements  for the period April 20, 2000 to July  14,  2000  are
those  of GOL India.  Pro forma information giving effect to  the
acquisition  as if the acquisition had taken place on  April  20,
2000 (the date of inception of GOL India) is not presented as ENG
had  no  revenues or expenses from April 20, 2000 to the date  of
the acquisition.

The   Company   has  developed  an  Indian-centric  meta-hub   at
"www.GOLIndia.com,"  providing e-commerce services  to  the  more
than  one million Indian Internet users and the 20 million Indian
expatriates around the world.  The Company's meta-hub provides  a
range  of  business  services such as  online  forms  for  Indian
taxation,  customs, and import/export businesses; a loan  finding
service;  Indian  rail, air, and movie tickets; online  insurance
and  credit  card applications; online medical and legal  advice;
and  web  stock  trading and advanced technical  analysis,  among
others.   General  services for end-users  and  small  businesses
include   news,  chat,  Bollywood,  e-greetings,  sports,   stock
information, auctions, classifieds, yellow and white  pages,  and
jobs.
                               26
<PAGE>


The  Company  is affiliated with Global Online, Inc.  ("GOL"),  a
wholly owned subsidiary of USA Global Link, Inc.  GOL operates an
international  meta-hub  at  "www.GlobalOnline.com,"   which   is
designed  to be a global gateway to international life and  world
trade  by  providing B2B and B2C e-commerce services on a  global
basis.

GOL  India ISP is the holder of a Category "A" national  Internet
service  provider license allowing it to provide Internet  access
and  network services to every city, state, and region in  India.
The  Company has been issued 98,000 shares of common stock in GOL
India ISP that have a par value of $.023 per share.  These shares
were  issued at no cost to the Company.  The Company's investment
in  GOL India ISP is recorded at cost, adjusted for the Company's
proportional share of undistributed earnings or losses.

The following is a summary of the financial position of GOL India
ISP  as  of  December  31,  2000.   This  data  is  derived  from
internally  prepared  financial  statements  and  has  not   been
audited:

    Current assets                                   $  5,631
    Total assets                                     $ 10,819
    Current liabilities                              $    243
    Total liabilities                                $ 29,405
    Stockholder's deficit                            $(18,586)

Because  the  Company has incurred significant  costs  associated
with  developing  its operations and has just begun  to  generate
revenues, the accompanying consolidated financial statements have
been presented as those of a development stage enterprise.

2.  Going Concern

The  Company  is  in  the development stage  with  its  principal
activity being the development of
e-commerce  and telephony services, Internet access, and  network
services  to  residential and business  customers  in  India  and
abroad.    Its   current   activities  consist   principally   of
establishing   its   meta-hub,  and  developing   customers   and
suppliers.  The Company has a loss since inception of $466,500.

The  accompanying  consolidated financial  statements  have  been
prepared  assuming the Company will continue as a going  concern.
Although   the   Company   has  positive   working   capital   of
approximately  $414,000, it has sustained losses since  inception
and  its  liabilities exceed its assets by approximately $137,000
as  of  December 31, 2000.  These factors raise substantial doubt
about the Company's ability to continue as a going concern.   The
consolidated financial statements do not include any  adjustments
relating  to  the recoverability and classification  of  recorded
assets,  or  the  amounts and classification of liabilities  that
might  be  necessary in the event the Company cannot continue  in
existence.

The  Company's continued existence is dependent upon its  ability
to commence profitable operations and to obtain additional equity
capital to meet operating cash flow requirements.  Management  is
presently  exploring  raising  additional  funds  by  a   capital
infusion  from  USA Global Link, Inc. or a private  placement  of
some of the Company's common or preferred stock.

                               27
<PAGE>

3.  Significant Customer

During  the  period from April 20, 2000 (date  of  inception)  to
December  31,  2000,  revenues from one customer  were  $417,550,
which  represents approximately 96% of total revenues.   Accounts
receivable  from this customer amounted to $417,550  at  December
31, 2000.

4.  Significant Accounting Policies

The significant accounting policies followed are:

   The   consolidated   financial  statements   include   the
   accounts  of  Global  Online India, Inc.,  GOL  India.com,
   Inc.,  and  its wholly owned subsidiary, GOL India  Portal
   Private  Limited.   All significant intercompany  accounts
   and transactions have been eliminated in consolidation.

   The  preparation of consolidated financial  statements  in
   conformity  with accounting principles generally  accepted
   in  the  United  States of America requires management  to
   make  estimates and assumptions that affect  the  reported
   amounts  of  assets  and  liabilities  and  disclosure  of
   contingent  assets  and liabilities at  the  date  of  the
   consolidated   financial  statements  and   the   reported
   amounts  of  revenues  and expenses during  the  reporting
   period.    Actual   results  could   differ   from   those
   estimates.

   The  Company extends credit to its customers based on  the
   customer's  ability to pay.  Based on management's  review
   of   accounts   receivable,  no  allowance  for   doubtful
   accounts is considered necessary.

   Investments  in  companies in which the Company  has  less
   than   a   20  percent  interest  are  carried  at   cost.
   Investments   in   jointly  owned  companies   and   other
   investees  in  which the Company has a 20  to  50  percent
   interest,  but does not exercise control, are  carried  at
   cost,  adjusted for the Company's proportionate  share  of
   its  undistributed earnings or losses, and any adjustments
   due to permanent declines in value.

   Property and equipment are stated at cost.  Additions  and
   improvements  to  property and equipment are  capitalized.
   Maintenance  and repairs are expensed as  incurred.   When
   property  is  retired or otherwise disposed of,  the  cost
   and  related accumulated depreciation are removed from the
   accounts  and any resulting gain or loss is recognized  in
   operations.   Depreciation is computed  on  the  straight-
   line  method  over  the  estimated  useful  lives  of  the
   assets, ranging from three to seven years.

         Advertising costs (except for costs associated  with
   direct-response  advertising) are  charged  to  operations
   when  incurred.  Advertising expense for the period  April
   20,  2000  (date of inception) to December  31,  2000  was
   $211,461.   The Company has no direct-response advertising
   as of December 31, 2000.

         The  Company has adopted early Emerging Issues  Task
   Force   Bulletin  No.  00-2,  "Accounting  for  Web   Site
   Development  Costs."   This bulletin  offers  guidance  on
   accounting for the various costs associated with  Internet
   web-site development.

                               28
<PAGE>
   Generally,  the  bulletin segregates software  development
   costs  into  various stages of planning,  application  and
   infrastructure   development,   graphics    and    content
   development,  and  operations.   Capitalization  of  costs
   begin  in  the  application and infrastructure  stage  and
   ends  when  the  web-site  is operational.   The  web-site
   became  operational as of July 1, 2000.  These  costs  are
   being  amortized  over three years.  Amortization  expense
   amounted  to $15,269 for the period April 20,  2000  (date
   of inception) to December 31, 2000.

   The  Company  follows  Statement of  Financial  Accounting
   Standards  No.  121  (SFAS No. 121), "Accounting  for  the
   Impairment of Long-Lived Assets and for Long-Lived  Assets
   to  be  Disposed  Of."  SFAS No. 121 requires  that  long-
   lived  assets and certain identifiable intangibles  to  be
   held  and  used  by an entity be reviewed  for  impairment
   whenever events or changes in circumstances indicate  that
   the   carrying  amount  of  these  assets   may   not   be
   recoverable.     In    performing    the    review     for
   recoverability,  the Company estimates  that  future  cash
   flows  are  expected to result from the use of the  assets
   and their eventual disposition.

   Deferred  tax  assets and liabilities are  recognized  for
   the  estimated  future  tax consequences  attributable  to
   differences between the consolidated financial  statements
   carrying  amounts of existing assets and  liabilities  and
   their  respective income tax bases.  Deferred  tax  assets
   and  liabilities  are  measured using  enacted  tax  rates
   expected to apply to taxable income in the years in  which
   those  temporary differences are expected to be  recovered
   or  settled.   The  effect  on  deferred  tax  assets  and
   liabilities  of  a  change in tax rates is  recognized  as
   income in the period that included the enactment date.

         Revenues  for  the period April 20,  2000  (date  of
   inception)  to  December  31,  2000  consist   mainly   of
   products   sold   to  customers  visiting  the   Company's
   Internet  meta-hub.  The Company recognizes revenues  from
   product  sales  upon  shipment  of  the  product  to   the
   customer.

         Basic  loss per share (EPS) is computed by  dividing
   loss  available  to common stockholders  by  the  weighted
   average  number  of  common  shares  outstanding  for  the
   period.  Diluted EPS reflects the potential dilution  from
   the  exercise  or  conversion of  securities  into  common
   stock.   Diluted EPS is not presented because the  Company
   has no dilutive securities.

         Assets  transferred by the Parent  in  exchange  for
   common  stock  have been valued at the Parent's  net  book
   value as of the date of exchange.

5.  Property and Equipment

Property and equipment consist of:

 Office  furniture, fixtures, and computer hardware/software $   14,552
    Equipment held under capital leases                         101,468
                                                                116,020
    Less accumulated depreciation and amortization               33,471
                               29
<PAGE>

                                                             $   82,549

Amortization for equipment held under capital leases amounted  to
$30,882 at December 31, 2000.

6.  Investments

As  discussed in Note 1, the Company has a 49% investment in  GOL
India  ISP.  This investment was transferred from the  Parent  in
exchange for common stock of the Company.  At that time, it had a
net book value of zero on the Parent's books.

The  Company  also  has an investment of 5,000 shares  of  common
stock  of  USA  Global Link, Inc., which was contributed  to  the
Company  by its Parent.  This investment represents less than  20
percent of the outstanding Common Stock of USA Global Link,  Inc.
As  of  December 31, 2000, this investment is recorded at  $5.00,
which  approximates its net book value.  It should be noted  that
the common stock of USA Global Link, Inc. has previously sold for
$810 per share.

7.  Obligations Under Capital Leases

The  Company has capitalized rental obligations under  leases  of
equipment,  which were transferred to the Company by its  Parent.
The  obligations,  which  mature in  2002,  represent  the  total
present  value  of  future  rental  payments  discounted  at  the
interest  rates  implicit in the leases.   Future  minimum  lease
payments under capital leases are as follows:

    2001                                              $32,024
    2002                                               38,020
    Total lease payments                               70,044
    Less amount representing interest                   7,414
    Present value of net minimum lease payment         62,630
    Less current portion                               25,706
                                                      $36,924

8.  Related Party Transactions

As  disclosed in the accompanying consolidated statement of  cash
flows,  the Parent transferred assets to the Company with  a  net
book value of $131,102 and paid expenses of $183,519 on behalf of
the  Company  in exchange for common stock.  In addition,  as  of
December  31,  2000,  the  Parent has advanced  $678,461  to  the
Company.  These advances are non-interest bearing, are unsecured,
and are not required to be repaid until subsequent to January  1,
2002.

During  the period April 20, 2000 (date of inception) to December
31, 2000, the Company purchased substantially all of its cost  of
revenues from a related party.

The  above amounts are not necessarily indicative of the  amounts
that  would  have been incurred had comparable transactions  been
entered into with independent parties.

9.   Earnings Per Share
                               30
<PAGE>

On August 17, 2000, the Company declared a 200% stock dividend on
all  shares  issued  and outstanding, effecting  a  three-for-one
stock  split.   The Company filed a Form 8-K with the  Securities
and  Exchange  Commission on July 17, 2000, a  Preliminary  14(c)
Information  Statement on July 18, 2000, and a  Definitive  14(c)
Information Statement on July 28, 2000, informing stockholders of
the  declared dividend.  Earnings per share for the period  April
20,  2000  (date of inception of GOL India) to December 31,  2000
has been stated to reflect the effect of this stock split.

10.  Income Taxes

The  Company  has incurred an operating loss since its  inception
that  is  able  to  be  carried forward and,  therefore,  no  tax
liabilities  have been incurred for the period  presented.   This
operating  loss gives rise to a deferred tax asset as follows  as
of December 31, 2000:

    Deferred tax asset                               $186,200
    Allowance                                        (186,200)
                                                     $      0

Management  has determined that it is more likely than  not  that
the  Company  will  not  realize  the  deferred  tax  asset  and,
therefore,  has established a valuation allowance  equal  to  the
amount of the deferred tax asset.

The  Company  has available an unused operating loss carryforward
of  approximately  $465,400 that may be  applied  against  future
taxable income, which would reduce taxes payable by approximately
$186,200  in  the future.  This operating loss carryforward  will
expire   in  2015.  Income  tax  benefits  resulting   from   the
utilization of this carryforward will be recognized in  the  year
that it is realized for federal and state tax purposes.

Not  included  in  the above net operating loss  carryforward  is
approximately $10,500,000 of losses incurred by ENG prior to  the
acquisition  transaction.  Under federal tax law, the  change  in
ownership   of  ENG  will  significantly  restrict   the   future
utilization of these loss carryforwards.

11.       Legal Proceedings

On January 26, 2001, the Company was served notice of a complaint
filed in the Third Judicial District Court in Salt Lake County by
Robert  Gosman and Double B Investments regarding certain  claims
made  against the Company. Gosman and Double B Investments allege
that   certain  promises  made  by  a  former  Director  of   ENG
Enterprises,  Inc.  to  certain shareholders  at  the  time  they
converted their Preferred B shares have been broken, and that the
present  Company is in some way liable.  The Company  intends  to
contest  these  allegations forcefully,  however  the  extent  of
potential  costs  to  defend  this  action  and/or  any   adverse
settlements  against  the  Company  are  as  yet  unknown.    The
Agreement  and  Plan of Reorganization signed on  June  12,  2000
between  ENG Enterprises and GOL India.com, Inc. indemnifies  the
Company against such potential actions.

Legal counsel for the guarantors under this Agreement has informed
the Company that they have reached an agreement with the
Plaintiffs for the settlement of this lawsuit without cost to
the Company.
                               31
<PAGE>

ARTICLE 5.  FINANCIAL DATA SCHEDULE


PERIOD TYPE                            YEAR
FISCAL YEAR END            DECEMBER 31 2000
PERIOD START                JANAURY 1, 2000
PERIOD END                 DECEMBER 31 2000
CASH                                 24,013
SECURITIES                                5
RECEIVABLES                         418,788
ALLOWANCES                                0
INVENTORY                                 0
CURRENT ASSETS                      442,801
PP&E                                116,020
DEPRECIATION                         33,471
TOTAL ASSETS                        607,674
CURRENT LIABILITIES                  29,175
BONDS                                     0
PREFERRED MANDATORY                       0
PREFERRED                                 0
COMMON                              500,057
OTHER SE                          (636,943)
TOTAL LIABILITY AND                 607,674
EQUITY
SALES                               435,519
TOTAL REVENUES                      435,519
CGS                                 429,819
TOTAL COSTS                         429,819
OTHER EXPENSES                      463,336
LOSS PROVISION                      466,500
INTEREST EXPENSE                      8,864
INCOME PRETAX                     (466,500)
INCOME TAX                                0
INCOME CONTINUING                 (466,500)
DISCONTINUED                              0
EXTRAORDINARY                             0
CHANGES                                   0
NET INCOME                        (466,500)
EPS BASIC                            (0.01)
EPS DILUTED                          (0.01)